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Austerity economics ‘pointless remedy’ for EU - Italy PM

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Italy’s premier has harshly criticized the EU’s recent economic policies, describing them as a “pointless remedy” for a terminally-ill patient. Matteo Renzi censured the austerity measures imposed on many European states over the past several years and said austerity economics only has caused Europe to be left behind by the United States. “The countries that have had growth in Europe have... 

Europeans Finally Losing Patience With NATO’s Reckless Mess

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Amid the mounting refugee crisis caused by “NATO’s non-stop campaign of overseas military misadventures”, Europeans are becoming “increasingly wary of multiculturalism, neo-liberal reforms, austerity measures – and now, it seems, even NATO itself,” according to American writer and journalist Robert Bridge. Bridge cites as an example a recent raid conducted by the Polish military police... 

Greece after 5 years of belt tightening

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The EU and its financial institutions have been pushing an austerity policy on Greece for the last five years. High unemployment, more taxes, billions of euros fleeing, and an increase in suicides mean Greeks on Sunday have to decide if enough is enough. What happened? In January, the left-wing Syriza party led by Prime Minister Alexis Tsipras promised to end years of austerity measures without leaving... 

Greece dissolves parliament for January snap election

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A view of the Greek parliament in session. Parliament in Greece has been dissolved after Prime Minister Antonis Samaras requested the dissolution of the legislature following its failure to choose a new president after three successive rounds of voting. A statement from the parliament said an early election in the austerity-weary country would be held on January 25, as Samaras announced on Monday,... 

Ukraine's economy shrinks by 7.5% in 2014

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The Ukrainian national flag waves in front of the country’s central bank building. Head of Ukraine’s central bank says the country’s economy has shrunk by 7.5 percent as inflation soared in 2014, making it the worst year in over half a century. Valeria Gontareva said on Tuesday that the annual inflation rate hit 21 percent by the end of last month and the country’s currency was devalued by... 

Hundreds of Hungarians hold anti-government protest

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Hungarians gather in front of the parliament building during an anti-government demonstration in the capital Budapest on November 17, 2014. Hundreds of Hungarians have taken to the streets of the capital Budapest to protest against alleged government corruption, austerity measures, and worsening social welfare. Some 2,500 people staged a rally outside the Hungarian Parliament building on Sunday. The... 

Anti-austerity rally held in France

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Demonstrators hold a banner that reads “No to the austerity, yes to the social Europe” during a rally in Paris on September 30, 2012. Angry people have taken to the streets of French capital Paris in protest to the government’s economic policies, Press TV reports. “Economic policies across Europe are clearly meant to serve high finance and to create tax breaks for businesses. But... 

Londoners to hold Anti-Austerity and Anti-Surveillance Massive Rally

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People in the British capital of London are preparing to stage a protest rally against the government’s austerity measures, mass surveillance programs, and human rights abuses. The rally, organized by a group called Anonymous, is referred to as the Million Mask March, in which the participants hide their faces to protect their identities, and will begin from Trafalgar Square and end at the Houses... 

Thousands protest in France against austerity measures

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Tens of thousands of people have taken to the streets across France to express their resentment over the latest austerity budget presented by President François Hollande, which will make it difficult to lead the nation’s flagging economy back to steady growth, Press TV reports. On Thursday, the demonstrators marched in major French cities in protest at Hollande’s 2015 budget blueprint, which... 

Germany sees major slump in exports since 2009

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A modern autorack in Germany. Germany’s exports have marked their biggest fall since the global financial crisis reached its peak in 2009, raising fears that Europe’s largest economy might slide into recession. Germany’s Federal Statistical Office said Thursday that exports slumped by 5.8 percent for the month of August. Moreover, imports dropped by 1.3 percent in seasonally adjusted terms, the... 

Greek pensioners demonstrate against spending cuts

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Greek pensioners have taken to the streets in the capital, Athens, to voice anger at austerity measures taken by the government of Prime Minister Antonis Samaras. Furious at the government’s plans to cut pensions and increase taxes, the demonstrators gathered in central Athens on Thursday and marched on the premier’s office. The protest came a day after the country’s troubled coalition government... 

Whatever Scotland decides, old order is dead

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Scotland will be gone within a decade unless there is dramatic change. If Scotland votes for independence next week, it is the British establishment and the establishment alone that is to blame. The yes surge is not being driven by blood-and-soil nationalism, by dewy-eyed Celtic nostalgia or the resurrection of a Braveheart spirit. It is a defiant protest at a bankrupt order built by Margaret Thatcher... 

The European Union Dream is Over, Now Poverty Reigns High

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Smoke of wood stoves rises over cities of Greece, Spain suffers from youth unemployment, Germany raises retirement age to 76 years, whereas in the heart of London, people gather to protest against austerity measures. Who benefits from multiplying the poor in Europe? Has the tale of good European life been destroyed? “In winter you can heat your house with gasoline-powered radiators, –... 

Thousands rally in Germany and Spain against EU policies

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Thousands of activists took to the streets of Germany and Spain on Saturday to protest the EU’s policies as the union prepares for parliamentary elections at the end of May. In Germany, the EU’s powerhouse, people participated in a day of anti-Brussels protests in Hamburg and the capital Berlin. A rally in Berlin broke out into clashes between protesters and police. Around 1,000 people marched... 

UK's richest own one third of country's wealth

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Briton’s wealthiest people own a third of the country’s GDP, with a combined fortune of 874 billion dollars, which is an increase of 15.4 percent on last year’s total, according to an annual survey. The Sunday Times Rich List shows that the United Kingdom’s richest are richer than ever before, which is in sharp contrast with many ordinary Britons who are struggling after five years of austerity. “I’ve... 
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